Russia FX/Rates Snapshot - July 20, 2018
Today, the ruble has strengthened 0.3% as risk sentiment has improved a bit and exporters seem to be increasing FX sales ahead of heavy MET payments of R565 bln next week (on July 25). Yet we doubt that the ruble will have much room for appreciation in this tax period, unlike the last tax period, when it gained 1.5%. This is due to much weaker oil and conversion into FX of DR dividends totaling $1.5 bln, which is likely to happen next week.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.